Saudi Entertainment Ventures (Seven), a wholly-owned subsidiary of the Public Investment Fund (PIF), has awarded the contract to build its new entertainment destination in Yanbu to a joint venture (JV) of Al Bawani Co and UCC Saudi. Construction is already under way on the project with an investment value of more than SR1.1 billion ($293.

Roshn, a leading Saudi real estate developer and PIF-funded giga-project, has awarded over SR9 billion ($2.4 billion) worth of contracts linked to construction, primary and secondary infrastructure and fittings work in its premium community development projects coming up across the kingdom.

Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, Amaala and The Red Sea, has entered into a 25-year concession agreement with the French multinational electric utility company EDF (Électricité de France) and Abu Dhabi-based clean energy company Masdar on a mul

Saudi-based New Murabba Development Company (NMDC) has awarded a major contract to Turner Arabia, a leading construction management consultancy, to provide project management services for its mega development, The Mukaab, in Riyadh.

Enowa, Neom’s energy and water company, has piloted helicopter-aided construction for the installation of high-voltage transmission line towers. The transmission towers are part of Enowa’s mandate to build a 100 per cent renewables-based energy system.

Saudi-based Umm Al Qura for Development and Construction said it has reached an agreement with Scope Properties for the acquisition of land for the construction of residential towers at Masar Destination in Makkah at a total investment of SAR900 million ($240 million).

The King Salman Park Foundation (KSPF) has joined hands with Saudi developer Naif Al Rajhi Investment Company for the launch of its new mixed-use real estate development project at a total investment of SR4 billion ($1.1 billion).

Saudi sovereign wealth fund Public Investment Fund (PIF) has reached an agreement with Saudi Basic Industries Corporation (Sabic) to acquire a 100 per cent stake in Saudi Iron & Steel Company (Hadeed) in a deal worth SR12.5 billion ($3.3 billion), thus creating a national steel giant.

The sustainable transportation landscape in Saudi Arabia is poised for a transformation with the highly-anticipated eActros 300 L 4x2, the first battery-electric truck from Mercedes-Benz, now making its debut in the kingdom, said Juffali Commercial Vehicles (JCV). Schulze ...